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Dole Food Company to test the public market again

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Dole Food Company is testing the public market again and filed to go public Tuesday. The company filed for an offering of up to $100 million, likely a placeholder amount, and has not specified an exchange or stock symbol. Dole Food recorded $4.51 billion in revenue on top of a $23 million net loss in 2016. The company was taken private by its chief executive David Murdock in November 2013. Since being taken private, Dole says it has bought three new West Coast vessels, gaining greater control of the supply chain, and increased their acreage by 20%. Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank Securities are the underwriters on the offering.



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